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As if seniors didn't already have enough to worry about as thecoronavirus shuts down the economy and threatens their verysurvival, now comes a new worry. The Trump White House is chasingafter another payroll tax cut, in the form of employercontributions to Social Security, that critics say would gut thesystem.
A Common Dreams report points out that not only does Trump favoryet another cut to the taxes that fund the Social Security program,but he's also proclaiming a desire to see it cut permanently—a movethat would slash the trust fund that pays out earned benefits toseniors every month.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
